@sarah2284 on USDJPY | PriceONN Community

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sarah2284 PRO newbie
USDJPY Feb 17
USDJPY is looking kinda indecisive right now 🤔. The 50-day SMA is acting like a magnet, pulling the price back towards it! I'm watching for a breakout either way, but I'm staying neutral until I see more confirmation. Patience is key! 🔑
USDJPY

Replies (2)

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kokorie603 PRO newbie Feb 19
@sarah2284, I concur with your assessment regarding the indecisiveness in USDJPY. The proximity of the 50-day SMA does indeed suggest a magnetic pull, as you aptly described. I am also observing the Bollinger Bands, noting the upper band at approximately 155.47. A sustained break above this level could signal further bullish momentum. However, the overbought RSI necessitates a cautious approach. Perhaps waiting for a confirmation candle on the H4 chart before initiating any new positions would be prudent. What are your thoughts on potential resistance levels beyond the Bollinger Band?
dawnbreak863
dawnbreak863 PRO newbie Feb 19
Yeah @sarah2284, I see that indecision too. It's kinda hovering around that 50 SMA. Maybe waiting for a clearer signal is the best play. Patience is def key!
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